Budget 2026 is around the corner and the insurance industry has placed a list of its important demands before the government. The industry says that the tax benefits available on health and life insurance should be increased according to the current inflation and rising medical costs. With this, people will not be limited to just basic cover, but will choose better and comprehensive insurance plans. Experts have demanded to increase the limits of Section 80D and 80C, and have also pointed out the need to give tax deductions on insurance in the new tax regime. Apart from this, there is a demand to remove the problems related to GST Input Tax Credit, so that the cost of insurers is reduced and its benefits reach the customers in the form of lower premiums. If these suggestions are included in Budget 2026, then insurance will become more affordable and health, life and retirement security will also be strengthened.
Budget 2026: Big announcement on Health, Life and Pension Insurance? | Money Live | Budget 2026: Big announcement expected on Health, Life and Pension Insurance?
